AUD/USD Forecast March 30, 2017, Technical Analysis

AUD/USD daily chart, March 30, 2017

The AUD/USD pair broke higher during the day on Wednesday, clearing the 0.7650 level at one point. I believe that the market is going to continue to go higher, but there is quite a bit of noise above. Pullbacks will probably be common, but I also recognize that we have plenty of support dynamically underneath, and eventually I expect to see that the 0.7750 level will be targeted. A break above there would be extraordinarily bullish, but right now I think it’s going to take quite a bit of momentum and effort to get there.